Zhongfu Tong Provides An Additional RMB 8 Million Guarantee for Its Subsidiary

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 17, Zhongfutong (Stock Code: 300560) announced that it will provide guarantees for its controlling subsidiary, Fujian Tiancai Information Technology Co., Ltd. The announcement shows that the company has approved, through the 2024 annual shareholders’ meeting, a joint liability guarantee of no more than 370 million yuan for its subsidiaries in 2025.

The specific operation involves signing a “Maximum Guarantee Contract” with the Gulou Branch of the Bank of China Fuzhou, providing joint liability guarantee for an 8 million yuan loan applied for by Tiancai Information. The guarantee period is three years from the date the debt performance deadline expires.

As of the announcement date, the company’s guarantee balance for Tiancai Information is 70.9993 million yuan, with a remaining available guarantee limit of 13.6 million yuan. The latest asset-liability ratio of Tiancai Information is 40.58%, with total assets of 504,384,859.59 yuan and net assets of 299,683,392.21 yuan.

Currently, the company and its controlling subsidiaries have a total external guarantee balance of 128.0993 million yuan, accounting for 13.45% of the company’s latest audited net assets, with no overdue or litigation-related guarantees.

According to Tianyancha, Zhongfutong was established on November 7, 2001, with a registered capital of 229.743622 million yuan. The legal representative is Chen Rongjie. The registered address is No. 20, 21, 22 floors, Building 4, Software Park F District, No. 89 Tongpan Road, Gulou District, Fuzhou, Fujian Province. Its main businesses include communication services, information software services, digital marketing, edge computing, and channel sales.

Currently, the company’s chairman is Chen Rongjie, the secretary is Huang Xiyi, with 6,438 employees, and the actual controller is Chen Rongjie.

The company has 28 associated companies, including Fujian Pingyuan Technology Co., Ltd., Zhongjun Tong Technology Co., Ltd., Yitian Technology Co., Ltd., Fuzhou Fuyu Equity Investment Management Co., Ltd., Futong Information Industry (Thailand) Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 973 million yuan, 995 million yuan, and 1.207 billion yuan, respectively, with year-over-year growth of 8.07%, 21.87%, and -6.19%. The net profit attributable to the parent was 35.714 million yuan, -52.8176 million yuan, and -123 million yuan, with year-over-year changes of -50.95%, -247.89%, and -132.33%. During the same period, the company’s asset-liability ratios were 57.89%, 59.59%, and 62.50%.

Regarding risks, Tianyancha shows that the company has 325 internal Tianyan risks, 115 surrounding risks, 107 historical risks, and 161 warning alert risks.